Categories: Economy

Care Ratings forecasts Indian Economy to contract by 6.4%

Care Ratings has forecasted Indian economy to contract by 6.4% for the financial year 2020-21. The rating agency has slashed the GDP growth rate of Indian economy citing continued restrictions in the economic activities due to the lockdown on account of the COVID-19 pandemic. It also expects that the positive growth will come from only agriculture and the government sector.

Boost your General Awareness Knowledge with Adda247 Live Batch: TARGET GA BATCH | SBI Clerk Mains & RBI Assistant Mains Exams

Find More Economy News

Recent Posts

Historic Transition in Space: First Private Station Scheduled for 2027

After more than two decades of government dominance in low Earth orbit, space is preparing…

2 mins ago

This Port Named Cleanest Port of the Year At Swachhata Pakhwada 2025

For a India’s cleanliness and sustainability drive, Paradip Port Authority has emerged as the cleanest-performing…

17 mins ago

Manipur Set for New Govt, as Ruling Party Elects This Leader For CM Post

After months of political uncertainty, Manipur is set for a new government. The BJP has…

52 mins ago

Which Fruit is known as the Richest Source of Vitamin C?

Did you know that not all fruits give the same amount of Vitamin C? While…

16 hours ago

New Director Appointment in Defence Department Approved BY ACC, Check Here

In an important decision related to senior bureaucratic postings, the Appointments Committee of the Cabinet…

17 hours ago

Which Country has Both Deserts and Rainforests?

Did you know that some countries are home to completely opposite natural worlds? In one…

17 hours ago